Trade - Jamb Commerce Past Questions and Answers

Question 56:

• JAMB 2002

Which of the following countries are members of the lake Chad Basin Commission?

A. Niger and Cameroun
B. Benin and Nigeria
C. Chad and Benin
D. Nigeria and Mali

Question 57:

• JAMB 2002

A wholesaler who possesses the title of goods he sells is known as?

A. A merchant wholesaler
B. A multiple wholesaler
C. A general wholesaler
D. An agent wholesaler

Question 58:

• JAMB 2002

Which of the following involves foreign trade ?

A. Supermarket
B. Chain stores
C. Departmental stores
D. Commodity markets

Question 59:

• JAMB 2002

which of the following is an determines the quality of goods and that a retailer sells?

A. The mode of contract of sales
B. The type of manufacturer
C. The regulations regarding sales in the area
D. The location of his shop

Question 60:

• JAMB 2003

An obstacle to international trade is?

A. Trade imbalance between countries
B. Availiability of local market
C. Quantity and quality of labour
D. Cost of finance